Niyo FY25 revenue up 32% to Rs 123.4 crore, narrows losses
Niyo's net losses narrowed to Rs 77.8 crore in FY25 from Rs 143.5 crore in the previous financial year.
1 min read
Digital banking platform Niyo's revenue from operations rose 32% to Rs 123.4 crore in the financial year ended March 31, 2025, compared to Rs 93.8 crore in the previous fiscal.
Niyo's net losses narrowed to Rs 77.8 crore in FY25 from Rs 143.5 crore in the previous financial year, the Inc42 reported citing the company's filings with the Registrar of Companies.
The Bengaluru-based startup's total expenses fell by 15% to Rs 214 crore in FY25 from Rs 250.7 crore in the previous financial year.
Employee expenditure dropped to Rs 78.5 crore from Rs 90.5 crore in FY24.
Niyo, founded in 2015 by Vinay Bagri and Virender Bisht, received strategic investment from Spring Marketing Capital in 2023.
In February 2022, the startup had raised $100 million co-led by Accel and Lightrock. Later that year, it secured $30 million from private equity firm Multiples.